The biggest question is who will we buy with the money that we got from these big stars leaving? Dumars leveraged our current success when traded Chauncey last fall. Whoever he signs will ultimately be the legacy for the infamous (or idiotic) trade that marked the end of the pistons ECF run.

I'd take Ben Gordon first to set up a trade involving Rip. Then, after that, I'd pursue Boozer or David Lee to fill up the starting PF or C role. soon after I'd start talking to teams about a trade with Rip to bring back a center to play with Boozer or a PF to play with Lee.
Potential Rotation:

Thier are some very good FA's out thier and some guys who can make a big impact on the game....no this class doesnt have the superstars the next FA class may have but none the less its a solid class.

I think we should pursue Gordon and David Lee in free agency. That would probably eat most of our cap though so after that I would try to trade Rip and Tay for Bosh or Amare. We could add future pick(s) also. I like Boozer a lot but he gets hurt quite often and Lee averages nearly the same pts and rebounds and is one of them hard working players. A ceap option at Center maybe Drew Gooden. Seems like he is old but still only 27 and did well last year in SA. Good rebounder and solid offensive threat...nothing special but would be a decent pickup. With Joe D talking about wanting to be versatile maybe we look at Carlie Villanueava....I doubt it but he is a guy that has a nice inside/ouside game.

Now back to if we traded Rip and Tay for a big guy like Bosh or Amare then we would likely need to find a cheaper replacement for Tay...well thier is a few guys we could look at like Trevor Ariza or possibly Shawn Marion. MArion is 31 though and coming off his worse year but thats why he would be cheap. Probably could spend the MLE on him and he could come back and have a better year but he averaged 12pts and 8 boards last year. See I think Bosh could be traded because he has said in the past he doesnt want to play for Toronto and wont resign with them and if they did this they add 2 solid players and possibly picks for him so its not a complete loss compared to what it would be if they wait a year and he walks in FA.

What Ive said is probably not likely but fun to think about and would really reshape the roster in a good way I think.

Stuckey/BynumGordon/Afflalo/SummersAriza or Marion/Daye/WashingtonBosh/MaxielLee/Brown

Ok thats what I would love to happen but probably wont but hey its fun to think about.

well I would perfer Hedo also over Marion by a long shot but not sure if we would have the cap to sign him so thought we could go with a cheap guy that we could probably use the MLE on. I also could go either way on Stoud or Bosh...both are very good and would help this team.

Dont really want Glen Davis and really dont believe he can play C...he is about Maxiells size so dont really want more undersized big guys...I would love to sign Gortat though...he is still young and improving and is a very solid big guy.

I think Ben Gordon and David Lee are the guys we should go after. Gordon is undersized (although I've always thought size wasn't that big an issue), but he isn't afraid to play inside, and he can shoot the 3, something we were lacking a bit of last season. David Lee is self explanitory.

I like that team, i like it a lot, though i'm wondering, would Charlotte be willing to trade Wallace for Prince? I know they've been trying to get rid of him last year, not really a favorite of LB, i personally think he would be an improvement over Tay. Also, DeAndre Jordan from the Clippers is a young, cheap and very promising center. I would try to get him as well. Other then that, the line-up seems very good.

Free AgnecyLet Sheed, AI, Herrmann, and Dice walk(as much as I'd love for dice to stay, he really wants to contend...)
Try to go after Millsap or Lee. Both of them are young and have tons of potential to be great players. Hopefully Boozer will be sort of a last result a last resort. If he takes his player option, then it will basically be between Lee or Boozer. I would much rather have Lee. He'd be a little cheaper than Boozer, much less injury prone, better defensively, and he'll be more effective in games with less "drama."
Sign Ben Gordon. Plain and simple. Even though he is undersized, he has proven to be an all-star caliber starting SG in this league.
Sign Sean Marks(PF/C from New Orleans). The Hornets are clearing out everyone they possibly can. Sean Marks will be a free agent, we can probably sing him for under 1mill. He would add a little depth to the Center position.

Trades
Rip Hamilton to the Clippers for Chris Kaman and Mardy Collins(filler).NBA Trade Machine - ESPN
Most people say to trade Tayshaun for Kaman, and while it makes sense financially for both teams, it doesn't make sense physically. The Clippers have Al Thornton, a great young SF who is only getting better. He doesn't deserve to be benched for Tayshaun Prince. Keep Tayshaun for another year, let him be sort of a mentor for Summers/Daye.

Stuckey/Bynum would drive the hole and Gordon/Okur would spot up for the drive and kick. Lee would chase down loose balls. Prince/Lee/Okur would need to pack it in on D, as Stuckey and Gordon would have trouble on that end.